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A Living Trust is a Trust created during a person’s lifetime, whilst also taking effect during their lifetime.It can be revocable meaning that the Settlor can change his/her mind and decide to take asset(s) out of the Trust at anytime he/she choose to, without any difficulty, or impediment. It can be irrevocable i.e. once the Trust is created and assets are transferred into it, those assets cannot be taken out of the Trust except as described in the Trust Deed.
A Trustee under a Living Trust holds these assets and follows the Settlor’s instructions regarding the use of these assets during their lifetime and upon their demise. The Settlor should consider the following factors before setting up a Living Trust:
a)Age
b)The size of his/her estate
c)The location(s) of his/her real estate holdings BENEFITS OF A LIVING TRUST.
The Living Trust ensures that the Settlor’s assets are distributed to the chosen heirs under the defined terms and conditions, thereby preventing any disputes amongs…

It is
a legal concept which enables a Trustee to be the legal owner of assets AND hold
it ‘in trust’ for beneficiaries who
receive the benefits from the Trust assets and may eventually receive title to
the Trust assets. assets. The Trustee
is an independent and impartial 3rd Party who plays a key role in estate
planning and is often charged with protecting the
beneficiaries’ interests. PARTIES TO A TRUST

Estate planning
is the process of anticipating and arranging for the disposal of assets. The
primary purpose of an estate plan is to take care of loved ones after the
client’s demise. Having
an estate plan provides a great deal of comfort, as it eliminates a significant
amount of family dispute and ensures that the wishes of the Settlor are
respected both while alive and after demise. It
attempts to eliminate uncertainties over the administration of an estate and
maximize the value of an estate. The Tools
for Estate Planning provided by ALM TRUSTEES are:

ALM Consulting Limited was incorporated on the 16th of August 2006 as a Private Limited Liability Company to carry on the business of Asset and Liability Management, Trustee Services, amongst others.
The Trust Services of ALM Consulting Limited (“ALM”) operates under the name of ALM Trustees.
We are duly registered with the Securities and Exchange Commission (“SEC”) as Trustees and Corporate Investment Advisers.
We are members of the Association o